What is Fiat Currency
For many it is the shining light for freedom an being unshackled from the fear of poverty and failure; for some it is the burden of fear as others what you have achieved, paranoia sets in. The dark shadow of what has been encountered by others. They are consumed by what it can o and they are protected by what it can purchase. This provides comfort, protection and encouragement that you are safe.
The illusion of something that we have been encouraged, brainwashed that Fiat Currency is real. It is an IOU that people have put their trust that they can swap it for goods and services. They are printed on massive printing presses and about are printed on it to give it the illusion of value. It is based on trust. Did you know that since we have given our trust to it giving it value we are charged to use and hold it... taxes. They come in different names however, they have the same outcome. Devaluing the paper you hold, the spending power, it used to have. We have argued moaned and groaned about how we have been treated.
While the controllers of the Fiat currencies get rich and use their riches to purchase assets...Land, Property and Infrastructure...
They keep the main assets hidden in plain sight Gold, Silver and precious metals claiming that they are outdated relics and are only held for nostalgic reasons. Did you know that Fiat currencies all go to zero over time and has to be reinvented – it is cyclical. However, Gold, Silver and other precious metals could never go to zero as they cost labour, time and effort to be brought out of the ground and processed.
Cryptocurrencies is a freedom system as they are not controlled by the Fiat currency printers, they can go to zero as they are not backed or supported a substantial asset. However, they are limited and their value will increase and as people become more confident in using them and they are not penalties in using them like Fiat Currency. Cryptocurrency platforms and operating systems are more secure than the swift system which they the Fiat currency printers and controllers can switch off at will and shut down markets which hold you electronic digital fiat currencies in shares.
We can have a more equal humanitarian world where we all benefit. Image all the fun we could have collectively.
The Collapse is here...here to a new start....
Nice post.
You make some valid points but I have a slight issue with the total takeover of cryptocurrency.
Although I am an avid believer in cryptocurrency, I came across a post the other day (and I apologise because I dont remember who wrote it) but it brought to my attention the value of actually having taxes - You see our police force, fire and medical departments are paid from these taxes, and although I can argue that these taxes may be excessive, It makes me wonder how having a decentralised market will combat that?
Any ideas would be appreciated. Thanks
Thank you thereceptionist.
Your comments are food for thought.
I was making the point that the taxes are imposed and they are excessive. However, reduction of the size of government would make a massive difference and reduce the running cost on those indeed needed services as you mentioned.
Income tax is the main bane...
I am unable to offer a solution but will gather my thoughts....
No, that is great @jewy1 thanks.
Instead of answers it was a mere hope for discussion - Especially on the topic of taxes.
Excessive, definitely but Necessary, seems it may be. If cyptocurrency had the solution it would be near impossible to challenge a decentralised market. Fingers crossed aye? 🙃
Hello thereceptionist just felt it was courteous to respond... However, your right and they should be a wider discussion on this subject...
I would be keen to be part of this.
Peace.